An individual’s income is subject to an indirect tax known as TDS. The TDS is withheld at source from both recurring and one-time income at the time of payment. For instance, if someone wins the lottery, their proceeds will be distributed to them after the appropriate withholding tax has been subtracted. The same holds for […]
Tag Archives: Tax
How can I pay the Vasai-Virar VVMC property tax?
The Vasai Virar City Municipal Corporation’s (VVMC) internet site provides a platform where people may pay their property taxes quickly. Furthermore, it may be used with the help of consumers to publish various provider demands. The Vasai Virar City Municipal Corporation (VVMC) levies a tax on all immovable properties within its jurisdiction. Every year, the […]
What exactly is Land Tax?
When intending to buy a land/plot or a developed property, it is essential to consider extra charges like stamp duty and registration fees to properly handle money. Land tax, on the other hand, is a regular expenditure that is paid bi-annually or annually. As a result, it must be completely comprehended before making a real […]
All you need to know about commercial property taxes
In India, the commercial belongings tax is based on “real belongings.” Municipalities use the money raised from these taxes to build roads, colleges, and public facilities.
The city of Navi Mumbai has extended its property tax amnesty program
The municipal corporation in Navi Mumbai has extended the property tax amnesty scheme to the end of February for property tax debtors.
TDS on the sale of immovable property is proposed to be amended in Budget 2022
For the Finance Budget 2022, Finance Minister Nirmala Sitharaman suggested a 1% TDS (Tax Deduction at Source) on non-agricultural immovable property valued at over Rs 50 lakh, depending on the sale price or stamp duty value, whichever is larger.
What is the procedure for paying the Nagar Nigam House Tax?
It is important to first understand what the phrase “Nagar Nigam” means.
Capital Gains – Tips To Reduce Your Capital Gains Tax!
Land is arguably the best example of a Capital Asset and and as an asset whose value appreciates overtime, a landowner can sweep huge capital gains on its sale.
No property tax on residential homes of up to 500 square feet in Mumbai
MUMBAI: The Maharashtra government announced on Saturday that property taxes on housing units of up to 500 square feet placed inside the Mumbai municipal area boundaries will be cancelled.
GST Charges on Society Maintenance in Maharashtra
The Maharashtra bench of the GST Authority for Advance Ruling (GST-AAR) has addressed certain issues pertaining to the Goods and Services Tax in the state. Cooperative societies in Maharashtra faced one of the biggest problems related to GST. The new ruling addressed this issue in detail.